FedEx (NYSE:FDX) Sees 12% Weekly Drop Following Major Buyback Completion
FedEx (NYSE:FDX) recently completed a significant tranche of its buyback program, repurchasing 1.8 million shares between December 2024 and March 2025. This commitment to returning value to shareholders comes against a backdrop of broader market challenges, including the recent sell-off triggered by Trump's tariff announcements. Major indices like the Dow and Nasdaq saw substantial declines of 4% to 5%, influencing the transport sector, where FedEx operates. Consequently, FedEx's shares...